Newmarsh Road, Minworth, Sutton Coldfield, B76

Street Guide For Newmarsh Road, Minworth, Sutton Coldfield, B76

 

Newmarsh Road, Minworth, Sutton Coldfield, B76 Map

Estimated Price: £265,697
Average Asking Price: £296,619
Price change in last one year: £19,295
Average Price Paid: £246,812
Average Rent Rates: £694

 

Property Prices Breakdown in Newmarsh Road, Minworth, Sutton Coldfield, B76

Average Price for property in Newmarsh Road, Minworth, Sutton Coldfield, B76 is around £265,697 which varies based on type of property you are interested in and ranges from £264,763 for detached house to around £281,581 for semi-detached. Values have been changing and have risen £1,277 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,862 in last 6 months, £19,295 in last 1 year, £29,077 in last 2 years, £29,808 in last 3 years, £28,781 in last 4 years and £30,620 in last 5 years.

Currently average asking price of a property in Newmarsh Road, Minworth, Sutton Coldfield, B76 is around £296,619 based on approximately 2 properties for sale. Same is the case with rental options based on 24 properties up for rent, average asking rent is around £694 per month.

Estimated property value in Newmarsh Road, Minworth, Sutton Coldfield, B76 is £265,697. Average asking price is £296,619 while average price paid is £244,500 which is up by £19,295 and Avg. asking rent £694.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Newmarsh Road, Minworth, Sutton Coldfield, B76 area. In last 1 year alone average price buyer paid is around £244,500 based on approximately 2 sales in Newmarsh Road, Minworth, Sutton Coldfield, B76 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £246,583. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £246,812 for 8 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £241,350 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £135,000, £185,863 for a 2 bedroom house, £261,690 for a 3 bedroom house, £361,041 for a 4 bedroom house and £438,571 for a 5 bedroom house. For a flat similarly the prices varies from £95,100 for a single bedroom to £138,188 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £143,950. To sum up the asking prices for properties in Newmarsh Road, Minworth, Sutton Coldfield, B76 it comes to around average £100,800 for 1 bedroom property, £165,789 for 2 bedroom, £250,986 for 3 bedroom, £361,041 for 4 bedroom and £438,571 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £722 for 2 bedroom to £923 for 3 bedroom and £1,174 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £522. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £584. You should be generally be expecting around average £522 rent per month for single bedroom property, £615 for 2 bedroom, £923 for 3 bedroom and approximately £1,174 for 4 bedroom property in Newmarsh Road, Minworth, Sutton Coldfield, B76 area.

Popular Houses in Newmarsh Road, Minworth, Sutton Coldfield, B76

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Newmarsh Road, Minworth, Sutton Coldfield, B76